---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006298"
form_type: "8-K"
ticker: "MCRI"
cik: "0000907242"
company_name: "MONARCH CASINO & RESORT INC"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:17:12.716068+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Monarch Q3 net revenue down 0.6% YoY; net income down 12.1%; declares $0.30 dividend

## Summary
- Q3 net revenue $133.0M vs $133.7M YoY; net income $24.2M, diluted EPS $1.23, down 12.8%.
- Adjusted EBITDA $49.2M, down 4.8% YoY; margin 37.0%.
- Casino and hotel revenues declined 4.0% and 0.9% respectively; F&B up 5.3%.
- Dividend of $0.30/share declared, payable Dec 15, 2023 to holders of record Dec 1, 2023.
- Litigation with PCL Construction ongoing; trial recessed and set to resume Nov 20, 2023.

## SEC filing metadata
- accession: 0001171843-23-006298
- form_type: 8-K
- ticker: MCRI
- cik: 0000907242
- company_name: MONARCH CASINO & RESORT INC
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/907242/000117184323006298/0001171843-23-006298-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/907242/000117184323006298/f8k_101823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006298
- JSON: https://secwatch.observer/filing/0001171843-23-006298.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006298.txt

## Key facts
- Earnings Releases
  MONARCH CASINO & RESORT INC reported third quarter ended September 30, 2023 results: revenue $133.0 million, net income $24,163 (in thousands) per table, EPS $1.23 per diluted share.
  - Period: third quarter ended September 30, 2023
  - Revenue: $133.0 million
  - Net income: $24,163 (in thousands) per table
  - EPS: $1.23 per diluted share
  - Result: reported results
  source text: our operating results were negatively impacted by competitive pressure in Reno and the current macroeconomic environment. Third quarter net revenue and Adjusted EBITDA were $133.0 million and $49.2 million, respectively, leading to an Adjusted EBITDA margin of 37.0%. “At Monarch Black Hawk, we are working to further expand market share among mid-to-upper tier
  evidence_url: https://www.sec.gov/Archives/edgar/data/907242/000117184323006298/0001171843-23-006298-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.